Amendment to section 36(1)(va) of Income Tax Act will not be applicable to Assessment Year 2017-18: ITAT allows deduction in respect of employees’ contribution to PF [Read Order]

By Aparna. M - On October 18, 2023 3:00 pm - 2 mins read
Amendment - Income Tax Act - Income Tax - Assessment Year - Assessment - ITAT - taxscan

“The Income Tax Appellate Tribunal (ITAT), Mumbai bench, held that the amendment to section 36(1)(va) of the Income Tax Act, 1961, would not be applicable to assessment year 2017-2018. Therefore, the bench allowed a deduction in respect of employees’ contribution to the Provident Fund (PF). During the assessment proceedings, the Assessing Officer (AO) disallowed the…

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